| | | | | | | | | | Town of Miami Lakes Memorandum | |
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| | | | | | | | To: | Honorable Mayor and Town Councilmembers | From: | Alex Rey, Town Manager | Subject: | Adoption of Millage Rate for Fiscal Year 2017-18 | Date: | 9/5/2017 |
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| | | | | | | | Recommendation: | It is recommended that Town Council adopt the millage rate for Fiscal Year 2017-18 at 2.3353 mills, which is $2.3353 per $1,000 of assessed property value. This is the same millage rate as adopted for the prior year, and remains one of the lowest millage rates in Miami-Dade County. The proposed millage rate is expected to yield $6,694,100 in ad valorem revenue at 95% of value based on the July 1, 2017 estimated Property Tax Roll, as provided by Miami-Dade County Property Appraiser.
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